HNF-NICOLAI - About the company
HNF-NICOLAI is a series B company based in Biesenthal (Germany), founded in 2008 by Benjamin Borries, Michael Hecken and Karl Nicolai. It operates as a Manufacturer of electric bicycles. HNF-NICOLAI has raised an undisclosed amount in funding from Bmp Ventures and Hero Cycles. The company has 61 active competitors, including 4 funded and 1 that has exited. Its top competitors include companies like Ultra Motor, Haibike and LEMMO.
Company Details
Manufacturer of electric bicycles. It designs and builds its bicycle with varied technical specifications and performance metrics. Its bicycles are available in two-speed ranges of 25 km/h and 40 km/h. The company also builds an electric cargo tricycle that can carry a maximum load of 280 kg.
- Website
- hnf-nicolai.com
- Social
- Email ID
- *****@hnf-nicolai.com
- Phone Number
- +49 **********
Key Metrics
Founded Year
2008
Location
Biesenthal, Germany
Stage
Series B
Latest Funding Round
Investors
Ranked
3rd among 61 active competitors
Employee Count
32 as on May 31, 2026
Legal entities associated with HNF-NICOLAI
HNF-NICOLAI is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
HNF GmbH CIN: HRB15204 , Germany, Active | Nov 30, 2014 | - | 17 (As on Dec 31, 2021) |
Sign up to download HNF-NICOLAI's company profile
HNF-NICOLAI's funding and investors
HNF-NICOLAI has raised funding over 2 rounds. Its first funding round was on Nov 05, 2018. Its latest funding round was a Series B round on Jan 09, 2020 for $*****. 2 investors participated in its latest round. HNF-NICOLAI has 4 institutional investors.
Here is the list of recent funding rounds of HNF-NICOLAI:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 09, 2020 | 9589581 | Series B | 2688677 | 7568429 | 9893876 | 4514231 |
Nov 05, 2018 | 2797527 | Series B | 9950215 | 4427987 | 8529234 |
Access funding benchmarks and valuations. Sign up today!View details of HNF-NICOLAI's funding rounds and investors
HNF-NICOLAI's founders and board of directors
Founder? Claim ProfileThe founders of HNF-NICOLAI are Benjamin Borries, Michael Hecken and Karl Nicolai. Marco Schultz is the CEO of HNF-NICOLAI.
Here are the details of HNF-NICOLAI's key team members:
- Benjamin Borries: Former Co-Founder of HNF-NICOLAI. They serve on the board of 1 company.
- Michael Hecken: Co-Founder of HNF-NICOLAI. They serve on the board of 1 company.
- Karl Nicolai: Co-Founder of HNF-NICOLAI.
- Marco Schultz: CEO of HNF-NICOLAI.
HNF-NICOLAI's Board of Directors
HNF-NICOLAI's board has 3 active members. Sanjay Singh, jochen Viehoff and Kurt Beiersdörfer are part of team.Here is the list of HNF-NICOLAI's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
ghxqgep | Team | - | Past | 6y 3m |
zgmpylm | Team | - | Past | 5y 8m |
flvcfep | Team | - | Current | 1y 2m |
rvnexlo | Team | - | Current | 8y 2m |
ujbvxpb | Team | - | Current | 5y 6m |
ysejsbd | Independent board member | - | Past | 8y 9m |
dmxvaoc | Independent board member | - | Past | 7y 3m |
isch{mq | Independent board member | - | Past | 3y 2m |
View details of HNF-NICOLAI's Founder profiles and Board Members
HNF-NICOLAI's employee count trend
HNF-NICOLAI has 32 employees as of May 26. Here is HNF-NICOLAI's employee count trend over the years:
Uncover HNF-NICOLAI's growth story! Sign up today!
Access Tracxn on any website
Install Tracxn ExtensionOur Google Chrome extension lets you view company details while browsing their websites
HNF-NICOLAI's Competitors and alternates
Top competitors of HNF-NICOLAI include Ultra Motor, Haibike and LEMMO. Here is the list of Top 10 competitors of HNF-NICOLAI, ranked by Tracxn score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Ultra Motor 2003, London (United Kingdom), Acquired | Electric car blog offering insights, news, and information about EVs | $71.9M | 46/100 | |
2nd | Developer of electric mountain bicycles | - | 36/100 | ||
3rd |  HNF-NICOLAI 2008, Biesenthal (Germany), Series B | Manufacturer of electric bicycles | - | 34/100 | |
4th | Manufacturer of electric bicycles | - | 33/100 | ||
5th |  Urban Drivestyle 2016, Berlin (Germany), Unfunded | Maker of vintage-styled electric utility bikes | - | - | 31/100 |
6th | SUSHI Bikes 2018, Munich (Germany), Seed | Manufacturer of electric bicycles | - | 31/100 | |
7th | Manufacturer of electric bicycles and kick-scooters | - | - | 27/100 | |
8th | Riese & Muller 1993, Weiterstadt (Germany), Unfunded | Developer of electric bicycles | - | - | 25/100 |
9th | Developer of electric bicycles | - | - | 24/100 | |
10th | Provider of software facilitating efficient management of digital assets and workflows | - | - | 24/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on HNF-NICOLAI's competitors? Click here to see the top ones
HNF-NICOLAI's Investments and acquisitions
HNF-NICOLAI has made no investments or acquisitions yet.
Reports related to HNF-NICOLAI
Here is the latest report on HNF-NICOLAI's sector:
News related to HNF-NICOLAI
•
Hero Cycles acquires 48% stake in Germany’s HNF NicolaiCyclingIndustry•Jan 09, 2020•Hero Cycles, HNF-NICOLAI, IBG Beteiligungsgesellschaft Sachsen-Anhalt
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Are you a Founder ?
FAQs about HNF-NICOLAI
Explore our recently published companies
- Maraal Aerospace - Noida based, 2023 founded, Seed company
- Gyanitalk - Udaipur based, 2023 founded, Unfunded company
- NotClass - 2024 founded, Unfunded company
- Definity - Cincinnati based, 2023 founded, Series A company
- Motion Corp - Miami based, 2025 founded, Seed company
- OVS ROSA - 2025 founded, Unfunded company
